| Title | An evaluation of ICT benefits enhancing walkability in a smart city |
|---|---|
| ID_Doc | 36282 |
| Authors | Yang, WJ; Lam, TIP |
| Title | An evaluation of ICT benefits enhancing walkability in a smart city |
| Year | 2021 |
| Published | |
| Abstract | Smart cities are rapidly developing with Information and Communication Technologies (ICTs). Walkabilityenhanced ICT (WICT) caters to pedestrian needs and preferences by providing intelligent real-time information as a person strolls in an urban environment. Governments invest heavily in various ICTs and big data as part of their planning decisions in smart cities. The walkability enhancement enabled by integrated ICTs needs to be evaluated by urban planners, but this aspect is not covered in previous studies. WICT is usually provided free of charge to users. The benefits enjoyed by pedestrians are intangible with a non-market nature. This research looks into the walkability performance of WICT by evaluating its benefits to pedestrians. A survey was carried out in Hong Kong for a WICT installable in smartphones. The Contingent Valuation was used to evaluate the nonmarket benefits quantitatively, employing ordinal regression. Willingness-to-Pay (WTP) is estimated as the proxy of monetary value for the benefit enjoyed by individual users, which may be aggregated for a Cost-Benefits Analysis. This econometric approach intends to assist in decision making for continued investment in similar information systems of Smart City. Influential factors affecting WTP are also highlighted for targeting policies. Recommendations for city managers are proposed to establish a rational basis for planning smart cities. |
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